(Solved): ase 1 Sleater-Kinney Company began the year with a $3,000 balance in the Supplies account. During t ...

ase 1 Sleater-Kinney Company began the year with a $\$3,000$ balance in the Supplies account. During the year, $\$8,500$ worth of additional supplies were purchased. A physical count of supplies on hand at the end of the year revealed that $\$7,400$ worth of supplies had been used during the year. No adjusting entry has been made until year end. Wase 2 Western Company has a calendar year-end accounting period. On July 1 , the company purchased equipment for $\$30,000$. It is estimated that the equipment will depreciate $\$300$ each month. No adjusting entry has been made until year end. Iase 3 Ranch Realty is in the business of renting several apartment buildings and prepares monthly financial statements. It has been determined that 3 tenants in $\$900$ per month apartments and one tenant in the $\$1,200$ per month apartment had not paid their August rent as of August 31st.